Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Kristall offered to sell some of its polished goods to Gokhran

09 november 2012

Smolensk-based Kristall, Russia’s largest diamond manufacturer, turned to Gokhran, the State Repository, with an offer to buy part of the company's polished goods, as Maxim Shkadov, CEO of Kristall, told Interfax. The news was published on www.finmarket.ru. Earlier, an offer to buy rough diamonds was made to Gokhran by ALROSA.
Maxim Shkadov did not specify the possible amount of diamonds to be sold, but said he expects the proportion including rough diamonds from ALROSA to be 80 to 20 (80% - rough diamonds from ALROSA and 20% - polished diamonds from Kristall).
"For us this (selling to the State Repository) would be very good, as the market is sluggish. And such a transaction, as it has been proved on repeated occasions, gives the state a chance to earn money," Maxim Shkadov said. He could not predict any final decision about whether the deal will take place and its possible terms, because "such a decision is made at the level of the government," which is currently discussing the issue at its meetings.
The last time Gokhran made large-scale purchases of polished goods from Kristall was in 2009, when the government authorized Gokhran to buy rough diamonds from ALROSA and polished diamonds from Kristall for a total amount of about $1 billion as a move to support the diamond mining and diamond cutting industries in Russia. In the 2nd quarter of 2012, Gokhran bought RUB3.48 billion worth of rough goods from ALROSA under the terms of the country’s budget assignment, but at that time no plans were made to purchase diamonds from Kristall.
Kristall, which is 100 percent controlled by the Russian Federal Property Management Agency, is Europe's largest diamond manufacturer producing polished goods classified as Double Excellent and Triple Excellent.